"There is a fundamental difference between NEST facilitating the building up of pension pots and the state bearing additional longevity risk by providing annuities. The additional longevity risk would be borne by taxpayers if it were not correctly assessed. That would add to the existing longevity risk that taxpayers face …..." Mark Hoban - View Speech
"Is not the point that we can design legislation around inertia to benefit from it, and that we can also design out inertia? The default—acquiring an annuity from a pension provider—can be designed out through an effective open market option, which will ensure that consumers can shop around and have …..." Mark Hoban - View Speech
"I commend my right hon. Friend for sticking to the course when others suggested that he was going too far and too fast. I am looking forward to voting for the charter for budget responsibility next year. What conclusion does he think people should draw if other parties in the …..." Mark Hoban - View Speech
"I congratulate the hon. Member for Blackpool South (Mr Marsden) on securing the debate. I sense that this might not be the last debate that I will have deal with on this matter. I assure him that we are committed to continuously improving the work capability assessment and appeals processes.
"The hon. Gentleman spoke for slightly longer than 15 minutes and raised issues that I want to cover in the time available.
We are consulting on changes to the cancer provisions. Individuals being treated for cancer should be placed in the support group. Professor Harrington recommended increasing the time taken …..." Mark Hoban - View Speech
"I would like to update the House on the loan to Ireland.
Ireland completed the sixth quarterly review of its International Monetary Fund and European Union programme of financial assistance on 21 June 2012, following which, the utilisation period for the fourth instalment of the UK bilateral loan began.
"The Government are today publishing their response to the consultation on proposed changes to the Money Laundering Regulations 2007 and an impact assessment on those changes. The 2007 regulations implement the European Union’s third money laundering directive in the UK.
The proposals being taken forward will both reduce the regulatory …..." Mark Hoban - View Speech
"The Economic and Financial Affairs Council was held in Brussels on 10 July 2012. Ministers discussed the following items:
Economic governance—“two pack”
The incoming Cypriot presidency updated Ministers on the process to be followed for trilogue negotiations with the European Parliament on the “two pack” of economic governance proposals. The …..." Mark Hoban - View Speech
"I am today laying before Parliament, the “European Union Finances: Statement on the 2012 EU budget and measures to combat fraud and financial mismanagement” (Cm 8405). It is the 32nd in the series.
The statement gives details of revenue and expenditure in the 2012 EU budget and covers recent …..." Mark Hoban - View Speech
"Under the Terrorist Asset-Freezing etc. Act 2010 (“TAFA 2010”), the Treasury is required to report quarterly to Parliament on its operation of the UK’s asset-freezing regime mandated by UN Security Council Resolution 1373.
This is the sixth report under the Act and it covers the period from 1 April to …..." Mark Hoban - View Speech